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Student loan update: Biden's cancellation could cost $400B

Por: Newsweek Nation September 27, 2022

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Sweeping amounts of student loan forgiveness proposed by the Biden administration could cost as much as $400 billion, according to a Congressional Budget Office (CBO) estimate released Monday.On August 24, President Joe Biden announced his plan to wipe out $10,000 in debt for those earning less than $125,000 per year, and $20,000 for those who had received Pell grants—the latter of whom comprise about one-third of U.S. undergraduate... + full article



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